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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Box-By-The-Riviera™ who wrote (38892)	10/10/2005 10:45:50 PM
From: Earlie	Read Replies (1) \| Respond to of 116555

Box: "IBM will suck wind when they bail from the entire ship".... Precisely. Money managers move their dough "up-market" as they perceive "deteriorating" markets. From my perspective, the NAZ crunch in the first down leg provides evidence of this. All of them know that their confreres are doing the same, and all of them know that the money flows keep the "darlings" up even if the earnings falter.... that is until the musical chairs start. January 2007 IBM puts with a strike of $80 can be had for $5 and small change. IBM fell to $55 last time, so a similar (or worse) fall this time around would provide a nice "bagger". That put provides well over a year and starts to make money at $75. Not a bad bet, given the times. By the way, have a look at what they are doing to any of the tech stocks when a bit of bad news is provided. XLNX provided a nice example last night. Best, Earlie